Gainer said, when Lollapalooza first came to town, it made sense to give the festival a tax break because nothing like it had been tried here. But now, the event brings in $20 million. The tax break cost the county $350,000 last year.

“The county needs the money,” Gainer said in late January. “I mean, when we look at what just the $350,000 could do from this amusement tax, that could hire 150 kids this summer to have a summer job – maybe their first experience with working. So this isn’t just some philosophical change. These are real things that have impacts on people’s lives.”

Under the new deal, local governments will see a minimum of $5.3 in new revenues from Lollapalooza by 2021, the Tribune reported.